Markets
BTU

Peabody Energy Issues Q4 Guidance - Quick Facts

(RTTNews) - Peabody Energy Corp. (BTU) said it expects fourth quarter adjusted EBITDA to be lower than the third quarter, excluding restructuring charges and other non-recurring items, primarily as a result of the closure of the Kayenta Mine, which contributed approximately $30 million to third quarter adjusted EBITDA. The company also intends to take an impairment charge of approximately $60 million primarily related to the prior North Goonyella Mine panel development now not expected to be accessed.

For the third-quarter, loss per share from continuing operations was $0.77 compared to profit of $0.63 per share, prior year. Adjusted EBITDA declined year-on-year to $150.3 million from $372.1 million. On average, seven analysts polled by Thomson Reuters expected the company to report a loss per share of $0.17, for the quarter. Analysts' estimates typically exclude special items.

Third-quarter revenues totaled $1.11 billion compared to $1.41 billion, prior year, driven by a 36 percent decline in seaborne metallurgical coal sales volumes and approximately $90 million in lower pricing, excluding the impact of higher Kayenta revenues. Analysts expected revenue of $1.13 billion, for the quarter.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

BTU

Latest Markets Videos

    RTTNews

    Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

    Learn More